models of most existing analyses, however, lead to conerns about the policy evaluations. In our general equilibrium model of …. With both centralized and decentralized employment, the resulting equilibrium has heterogeneous communities in terms of …

Research over the past several years has led to development of models characterizing equilibrium in a system of local … strong predictions about the equilibrium distribution of households across communities. To date predictions have not been … this class of models. We first test conditions for locational equilibrium implied by these models. In particular about the …

public goods equilibrium (if it exists) is efficient; more generally, however, competitive local public goods equilibria may … goods or "bads" provided. Not only is it the case that not every competitive equilibrium is Pareto optimal, but not every … Pareto efficient allocation can be sustained by a competitive local public goods equilibrium (with the appropriate lump sum …

necessary conditions implied by majority rule in a general equilibrium model of residential choice. The estimator controls for …